This paper presents an analysis of fiscal and monetary policies in the IS/LM model that relies only on simple reductio ad absurdum arguments. It is done in a version of the IS/LM model which is rather general, without using differential calculus or linear algebra

This article examines the quot;journeyquot; of management accounting education over the past 50 years, evaluates the state of the field today, and presents my personal observations about teaching approaches. I observe that we have seen a substantial addition of management accounting courses to...

This paper addresses the extent to which the increasing demand for corporate environmentalism has found its way into the institutions of higher business and management education. The study presents results from an empirical study in 4 EU member states which is based on an analysis and findings...

The standard exposition of duopoly in most intermediate microeconomics texts relies heavily on simplifying assumptions of linearity, yet it remains algebraically somewhat dense. In this note, I outline an alternative graphical approach that makes use of the same assumptions, but which may be...

Earlier papers have found considerable heterogeneity in the returns to degrees in relation to subjects of study, degree classification and higher education institution. In this paper we examine heterogeneity of returns across British regions using the Labour Force Survey. We find substantial...

Professors Knoedler and Underwood discuss the concern over the decline in the number of economic majors as well as overall the enrolments in economics. For many quot;mainstreamquot; economic educators this problem obey to the fact that academic economics tend to grant lower grades on average to...

This case provides an opportunity to study budgets, budget variances, and performance evaluation at several levels. As a purely mechanical problem, the case asks for calculations of various price, efficiency, spending, and volume variances from a set of budgets and actual results. The case is...

We examine the pre-graduate school characteristics of American PhD students graduating from the top 50 American economics programs. Attending a highly ranked undergraduate institution is strongly associated with graduating from a highly ranked PhD program, as is research assistant experience...

In this paper it is argued that two kinds of capitalism are engaged in a great struggle in the United States. Both approaches are derived from the opinions of Adam Smith, the father of capitalism, who posited in The Wealth of Nations that universal self-interest and the “invisible hand” of...

Economics, properly understood, makes sense out the complex web of historical relations that constitute reality, namely by utilizing economic theory. Economics without price theory is not economic theory, and measurement without theory isn't empirically meaningful. However, graduate students are...